share capital not paid-up; (b) either with or without extinguishing or reducing liability on any of its shares, cancel any paid-up share capital ... unrepresented by available assets; or (c) either with or without extinguishing or reducing liability on any of its shares, pay off any paid-up share
share capital not paid-up; (ii) either with or without extinguishing or reducing liability on any of its paid-up shares, cancelling any paid ... unrepresented by available assets; or (iii) either with or without extinguishing or reducing liability on any of its paid up shares, paying off any paid
share capital not paid-up; (ii) either with or without extinguishing or reducing liability on any of its paid-up shares, cancelling any paid ... unrepresented by available assets; or (iii) either with or without extinguishing or reducing liability on any of its paid-up shares, paying off any paid
capital not paid up; or (b) either with or without extinguishing or reducing liability on any of its shares, cancel any paid-up share capital ... unrepresented by available assets ; or ' (c) either with or without extinguishing or reducing liability on any of its shares, pay off any paid-up share
Does a divorce valid under the Muslim Law ipso facto
extinguish the liability of the husband under Sec.125 of the
Code of Criminal Procedure ... under the
Act - a piece of statutory Personal Law, will alone extinguish the
liability to pay maintenance under Sec.125 of the Code. In this
undertaken the above transaction with a
view to extinguish the mutual liability of paying/receiving the amounts by
the Assessee and its sister concern ... facts the Assessee submits that it's action of extinguishing the
mutual liability of paying/receiving through journal entries constitute
reasonable cause; within
mentioned in the above-referred letter is 1% of the total liability extinguished i.e. Rs. 12,93,42,479/-. Further as desired declaration under ... professional fee to the plaintiff at 1% of the total liability extinguished. A lump-sum fee of Rs. 2.00,000/-was agreed to be paid
obligation the son's liability had ceased to exist the moment the father's liability was extinguished by virtue of the provision ... nature of the liability. When the father's liability was wiped out, it discharges pro tanto the liability of the eon. In other words
liability surviving against D1
for realization of the amount due to the creditor. When once
the liability of the principal debtor is extinguished, the
sureties ... respondents that the
liability of the surety gets automatically terminated when
liability of principal debtor is extinguished, deserves to be
accepted."
Shri Kamal Sehgal
accounts is notional entries, but fact remains that gain on
extinguishment of liability and share premium is not a notional
entries. He further submitted that ... have called for certain details in
respect of gain on extinguishment of liability and other issues
during assessment proceedings, but fail to carry out required
